I am buying a property in Southwark. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
Given that your lender is Coventry BS your lawyer must comply with the formal instructions outlined in Part two of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and solicitors are required to report to Coventry BS where a lease does not comply with these specifications. The specifications relate to the installation of panels on properties countrywide and is not limited to Southwark.
Planning on purchasing a apartment in Southwark. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Southwark conveyancing practitioner is on the Leeds Building Society conveyancing panel.
Nottingham have agreed my mortgage in principle, my offer on a property in Southwark has been accepted, what happens next?
Your estate agent will need to be informed of your conveyancing practitioner's details (make sure the conveyancers are on the bank’s panel). Call up Nottingham or the financial adviser and finish off any appropriate forms. Nottingham will sellect a valuer who will get in contact with the estate agent or vendor to book a time for the valuation to take place. Once conducted (assuming no problems) it takes about a week to get a mortgage offer. Nottingham will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Southwark.
A friend advised me that if I am purchasing in Southwark I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Southwark conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Southwark around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Southwark Education with maps and statistics, Local Amenities and other useful information concerning Southwark.
Due to the encouragement of my in-laws I had a survey completed on a property in Southwark before retaining solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some banks tend refuse to grant a loan on this type of property.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Southwark. Conveyancing may be slightly more expensive based on your lender's requirements.
I am a sole trader wishing to lease a unit on the high street. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Southwark for under £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Southwark, including the sale and purchase of businesses as well as simply premises. If you are intending to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. As for the charges this will depend on the structure and complexity of the proposed transaction. Let us have your contact information or call so as to enable us to provide you with a fixed commercial conveyancing quote.
My father has suggested that I instruct his conveyancing solicitors in Southwark. Should I use them?
Much as we are happy to recommend a Southwark conveyancing lawyer it’s preferable to find a conveyancing practitioner is to seek feedback from friends or relatives who have actually previously instructed the firm that you are considering.